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http://fasttrack.roundtable.com/app/content/knowledgesource/item/1259

Open Innovation Networks: Creating and Managing an Ecosystem for Innovation

While a select group of leading companies have successfully adopted open innovation, demonstrating impressive results, many others are moving slowly or stumbling along the way. Many companies equate open innovation with technology scouting.  While scouting remains important, open innovation is much broader incorporating partnerships and informal relationships with networks of external innovators. Fostering these networks is an ongoing process that requires a company to approach business in a fundamentally different way, both externally and internally. In this June 2008 presentation, Mike Docherty, CEO of Venture2, provides an introduction and framework for creating and managing a network of external innovators. This presentation provides case studies demonstrating successful open innovation networks, as well as a straightforward approach to planning, structuring and managing external innovation partnerships to drive internal growth. In this presentation Docherty discusses the importance of moving beyond a narrow focus on technology scouting; defining strategic intent and developing network charters; a framework for creating and managing networks of partners; and how to structure collaborative pilots to harvest opportunities for innovation. (46 slides & audio)

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